LPL Financial has added Melissa Mirabile, a 30-year industry veteran formerly with UBS, to its Linsco by LPL Financial employee channel.
Mirabile is launching Forest Lake Wealth Partners in Albany, NY, and reports managing about $280 million in advisory, brokerage and retirement plan assets. She joins the firm from UBS after 12 years and also has multi-year stints at Morgan Stanley and Citigroup Global Markets shown on her BrokerCheck listing.
Her practice serves families, business owners and trade unions nationwide and she is joined by wealth associate Casey Mirabile and business development associate Lars Olson.
“Linsco provides support and efficiency that allow us to focus more directly on clients,” Mirabile said.
Scott Posner, LPL Financial’s managing director of business development, said the firm aims to equip advisors with technology and resources to expand their practices.
Meanwhile, Storen Financial, an Indiana-based firm with approximately $500 million in client assets, has entered into a strategic partnership with Dynasty Financial Partners.
Storen has operated for more than 50 years and serves over 5,000 clients across wealth management, tax and business advisory services and says that the partnership is intended to streamline operations and broaden investment access. The firm includes over 40 staff members, among them CPAs, EAs and four equity partners.
“This partnership will enable us to tap into Dynasty’s technology and operational infrastructure,” said Greg Storen, the firm’s managing partner and CEO.
Dynasty Chief Growth Officer Tim Oden said the firm sees Storen Financial as well positioned for continued expansion.
The agreement gives Storen access to Dynasty’s investment platform, technology suite and capital markets capabilities, while allowing the firm to maintain its independent structure.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
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Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
